This page contains the NABTEB 2026 Financial Accounting Paper 2 questions and answers. Scroll down for the official question paper images and full answers.
📌 OBJ INSTRUCTION: Please kindly trace from the Type A questions we solved. If your centre is doing other Types like B, C & D, please take note! Questions are the same but reshuffled across Types A, B, C & D. Use the answers provided to trace the equivalent question in your option before answering.
📌 ESSAY INSTRUCTION: Please kindly trace and check the question numbering before copying to avoid errors. We solved with Type A. If your centre is doing other Types like B, C & D, please check the number and the questions, compare and re-number in your booklet. Options A, B, C & D are the same but reshuffled. Use the answers provided to trace the correct questions in your booklet before answering.
NABTEB 2026 Financial Accounting Paper 2 Question Paper
NABTEB 2026 Financial Accounting — OBJ Answers (Type A) ✅
NABTEB 2026 Financial Accounting — OBJ Answers (Type A) ✅
1. C. book keeping
2. D. 1449
3. A. principle
4. C. trial balance
5. A. N1,100,000
6. D. N100,000
7. C. N300,000
8. D. materiality
9. C. closing stock
10. A. total of debtors
11. C. cash, bank and discount
12. C. drawings and credit cash
13. B. statement of affairs
14. D. proceeds on sales
15. D. subscribe for shares
16. A. statement of affairs
17. B. debenture holders to procure the remaining one
18. D. (i), (ii) and (iv) only
19. B. manage the internal management of the company
20. A. premium
21. B. current assets
22. D. N147,675
23. B. Bank loan granted to the bank
24. C. going concern
25. A. real and nominal account
26. C. debit cash account, credit Yisa’s account
27. B. N19,010
28. C. bug
29. D. cursor
30. A. Constant power supply
31. C. voucher
32. A. Partner’s drawings
33. B. imprest
34. C. Consistency
35. B. Machinery account
36. B. N18,000
37. A. contingency fund
38. A. Cash book
39. B. commission
40. B. receipt of debt
41. D. subscriptions
42. C. public sector account
43. D. (i) and (iii) only
44. B. Purchases ledger
45. B. the liability of the business to its proprietor
46. A. profit and loss account
47. A. depreciation of factory building
48. B. prime cost
49. B. irrecoverable debt
50. B. discount received
Completed!!!
NABTEB 2026 Financial Accounting — Essay Answers (Type A) ✅
📌 ESSAY INSTRUCTION: Please kindly trace and check the question numbering before copying to avoid errors. We solved with Type A. If your centre is doing other Types like B, C & D, please check the number and the questions, compare and re-number in your booklet. Options A, B, C & D are the same but reshuffled. Use the answers provided to trace the correct questions in your booklet before answering.
QUESTION 2 — Journal Entries & Suspense Account
QUESTION 3 — Yota Enterprises Control Accounts
QUESTION 4 — Maigashua Bank Reconciliation & Adjusted Cash Book
QUESTION 5 — Mayegun Bar Capital vs Revenue Expenditure
QUESTION 7 — Joint Venture Account
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